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Championing Swift Connectivity for Private Banks and Asset Managers in APAC

Fintech News

In the dynamic financial landscape of the Asia-Pacific (APAC) region, private banks, asset managers, fund managers, and other capital market participants are increasingly recognising the pivotal role of Swift connectivity. As the industry evolves, adopting robust standards like ISO 20022 becomes crucial for driving these benefits.

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Swift Solution for Managing Cross-Border Payments Investigations Could Save Industry Millions in Operational Costs

Fintech Finance

Swift today announced the launch of an enhanced solution for managing payment investigations that could save the financial industry millions and significantly reduce the time it takes to identify and resolve issues when international payments are delayed. Financial institutions spend more than USD 1.6

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Trovata Works with Swift to Modernize Global Multibank Connectivity

Fintech Finance

Trovata , the pioneering force in corporate bank APIs, announces a new collaboration with Swift , the world’s leading provider of secure financial messaging services, which will extend the benefits of Swift’s tracking capabilities to more businesses through API connectivity.

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The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

PYMNTS

According to Tom Halpin, head of payment products at HSBC , faster and real-time payment services don’t only provide the value of speed for corporate clients, especially in the context of cross-border transactions. ISO 20022’s path to ubiquity could serve as a model for faster payments technologies’ own adoption journeys.

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CHIPS® Network Successfully Migrates to ISO 20022 Message Format

Fintech Finance

The CHIPS® network, the largest private-sector high-value clearing and settlement system in the world, which is operated by The Clearing House , successfully migrated to the ISO 20022 message format on the April 8 banking day. The Clearing House’s successful migration is a significant step towards the U.S.

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SWIFT Sets ISO 20022 Sights On High-Value Payments

PYMNTS

As SWIFT continues to promote the adoption of the ISO 20022 payments messaging standard across financial institutions, the company said it is zeroing in on the potential for ISO 20022 harmonization in the high-value payments space. To highlight that potential, SWIFT revealed on Thursday (Aug.

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Bpifrance Goes Live on Thought Machine’s Vault Payments, Starting With SEPA Instant Payments

Fintech Finance

As part of the ongoing modernisation, it will migrate SEPA Credit Transfers, SEPA Direct Debits, TARGET2 and SWIFT from its legacy systems. This move increased operational speed fivefold and enabled the rapid launch of a commercial loan product. Building on this success, Bpifrance selected Vault Payments to overhaul its payments stack.